Dear OTB, don worry, short term market sentiment cannot shed undervalue stock for too long time

AYS will regain its momentum especially next Q result to be release next month to show off and reinstate its earning growth is sustainable.

Recent Astino Q already comment that its earning will growth strongly after lift MCO

PE is trading at 3.5x valuation, dividend policy is 60% payout, interim dividend already paid 6sen, final dividend should net 24sen, total 30sen, Annjoo yield HIGHEST at 16% nett

Remark: Annjoo paid 1.5sen x 2 for those hold preferential share

PE is trading at 2x valuation, dividend is paying quarterly 1.5sen, total 6sen, yield > 10%. Super value buy

The new energy efficient Top Submerged Lance (TSL) furnace smelting plant, anticipated to increase tin extractive yield by 50% from 40,000 tonnes to 60,000 tonnes of tin-in concentrates per year utilising oxygen enrichment, without incurring additional capital expenditures.

These 50% increase tin production through increase extraction yield from same amount of feedstock raw tin ore is PURE profit to MSC.

Annjoo next Q shoudl at least deliver 10sen, total EPS 52sen, 60% payout = 31sen final Q4 result will declare at least final dividend 22sen/share + earlier interim 6sen + 2 preferential dividend 1.5sen

Therefore, Final dividend should be 22sen/share = dividend yield 11%


The Board remains committed to rewarding shareholders
and, barring unforeseen circumstances, expects to return
to its dividend policy of up to 60% pay out in the coming
years when the Company delivers a better and improved
performance


DATO’ LIM KIAM LAM
Group Executive Chairman

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id...

Uchitech

1. Dividend yield 7% with highest 90% payout to teward shareholder
2. Net cash company
3. High sensitivity to US currency strength ( FED nterest rate hike is key catayst to strengthen US currency)

Structural policy change in china have permanently affect global steel industry. China have gradually turn for net exported cheap steel to net imported costly steel to meet local demand. China is moving value chain instead of focus to upstream mass raw steel production to now emphasis on downstream speciality flat steel for EV, Semiconductors, EMS, solar etc. It afford to import raw steel oversea, then value added steel for special purpose is key focus for china in future

Drsteel

Annjoo derive dual souce of income by being sole hybrid blast and being one stop steel solution for trading and distribution.

That us reason why Annjoo can command high profit if compared to eastern steel.

DrSteel

In china, more EAF to replace blast. Demand for feedstock scrap metal will be high and price elevated + costly electricity due to elevated coal price, will resulted china steel production cost is getting higher and cost pass through steel selling price.

With RCEP, tax traffic will eliminated, Malaysia steel maker wuth blast furnase, eastern steel and Annjoo will able to penetrate china steel market with their cost advantage

Final dividend will be proprosed next month feb together with Q4 result. You will know at keast 11sen final dividend based on 90% payout of annual EPS 22sen ( interim dividend 9sen alrdy paid in Q3)

Take note uchitech final Q4 will be stronger + resumption 100% workforce if compared to only 60% workforce allow under MCO + strength in US dollar bode well for unchitech US denominated export profit

Calvin

You need to get thing clear that palm oil tree is biological, growth is slow and production palm fruit is on gradual manner. Whereas, in steel industry, production volume can scale up immediately if selling price is high and manufacture plant can run overtime if needed for 24 hr.

That is big differece betwenn industries

Kindly take note that Wong derive majority of its profit from construction and property development, up to as much as 57.4%. The balance only derive from manaufacture E&E component.

These key profit contributor in Kuchai Lama project property development now is at tail end, and is expected to complete in the near future. Wong have yet to have have any new property develment to replace exiting tail end project in view of uncertainties posed by the Covid-19 pandemic besides the existing property glut and a weak market sentiment.

Until Wong can secure new property development, future profit will record half from exiting profit. Otherwise, Wong only can expect growth in its manaufacture E&E component and move up value chain in semiconductor industry to double up increase profit to replace majority profit vaccum left behind from its ending property development.

The Board remains committed to rewarding shareholders
and, barring unforeseen circumstances, expects to return
to its dividend policy of up to 60% pay out in the coming
years when the Company delivers a better and improved
performance


DATO’ LIM KIAM LAM
Group Executive Chairman

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=208819&name=EA_DS_ATTACHMENTS

sailang all with margin line, all at 1.78, average down cost to below RM 1.80

Final dividend 22sen/share = dividend yield 12%

Annjoo next Q shoudl at least deliver 10sen, total EPS 52sen, 60% payout = 31sen final Q4 result will declare at least final dividend 22sen/share + earlier interim 6sen + 2 preferential dividend 1.5sen

Annjoo have dividend policy to payout at least 60% net profit

bought maximum Annjoo, all at 1.81

Unlike coal fire or gas fire power plant, which need feedstock to generate power. Solar is essentially getting FOC solar ( but limit only to day time) and WTF charge tipping fee on waste collected (extra profit), generate power from waste to sell electricity ( dual income)

The financial statement is backed by asset work in progress in WTF, LSS2 and LSS3.

The net cash inflow will start record in financial statement once thesde project start commission

Remark: Cypark now is already in last mile after long gestation of its 3 core project WTF, LSS2 and LSS3. A little more time is needed in 2022 to spur turnaround for cypark

Of course the WTF power plant is genuine as plant is located clearly in NS and LSS2 and LSS3 all can be locate easily in their respective site with work in progress solar panel built up clearly observe.

Cypark share price alreaady at bottom level, all awaiting first WTF to start commision, generate high profit margin asnd net cash inflow from operation. On top of that, 2022 will also commision its LSS2 100MW and LSS3 150MW, all ready to strat generate net positive cash flow.

Hence, 2022 is definitely turnaround for cypark, all major project, First WTF (Q1 2022) + LSS2 (Mid 2022) and LSS3 (end 2022) set for completion while awaiting award for another 2 WTF for Melaka and Johor

Cypark WTE yet to start commision, therefore, there will no cash infl;ow from opeeration. WTF now at final specialize work, cypark recognize these final progress stage as work in progress value. These final stage is on track to complete very soon as country border have open to allow specialist to perform such final work on WTF.

After so much delay, its final court down time for cypark to start commision the most lucrative WTF concession witin next 1-2 month now.

hahaha, the fact is all electrity generated in Malaysia are own by private, but through governmenet linked fund, have equity stake in tenaga, malakrof, YTLP

State is through its wholly own investment company to joint cypark. State governement itself is no good in running business, it only focus on stake ownership in power plant, therefore it need specialist cypark to buit, operate power plant and taking stake together with cypark to jointly own power plant

Collection waste is under state and local government management, waste managment is charge to residence and industrial through cukai picture. Waste to energy is additional profit contributor to state coffer. State own company joint cypark to built waste to energy is best concession business model

Cypark is participating in two WTE tenders in Johor and Malacca in
collaboration with Johor and Malacca state owned companies. The two WTE tenders are part of the five WTE tenders
that were announced by KPKT under its national WTE implementation plan. With the track record of constructing,
owning, and operating the country’s first WTE plant, Cypark stands a good chance to win more WTE projects in the
future. Cypark expects future WTE plant capacity to be between 15MW to 25MW with an expected investment value
of above RM500 million each

Remark: Tender already call in early 2021, the outcome will release in early 2022

Two more WTE expect to announce early next year, Johor and Melaka, each value RM 500m. The award is almost certain as cypark JV with state wholly own investment company to jointly bid for these project.

Solar power plant no longer attractive business concession, profit margin already down to mid single digit due to low power traffic rate.

Up next is waste to energy power, the most lucrative power plant, reap double digit profit margin, derive dual profit source, waste tipping fees and energy traffic

https://www.thestar.com.my/business/business-news/2021/12/20/china039s-property-distress-sours-steel-sector-in-warning-sign-for-economy

ATAIMS management arrogant response much alike Serbak dynamic poor management, both blame external factor rather than own responsibility.

Dyson, privately owned by British billionaire James Dyson, said it received the results of an audit of working conditions at ATA in early October. It said it had also learned in September about allegations from a whistleblower about "unacceptable actions" by ATA staff and had commissioned a law firm to investigate those claims.

"Despite intense engagement over the past six weeks, we have not seen sufficient progress and have already removed some production lines," Singapore-headquartered Dyson said in response to questions from Reuters.

"We have now terminated our relationship with six months' of contractual notice. We hope this gives ATA the impetus to improve, and enables an orderly withdrawal in the interests of the workers that they employ."


Remark: Dyson did it own audit to investigate ATAIMS, Dyson fed up with ATAIMS poor manegemnt response, thus, decided to terminate contract.

Based on 2 statement issue by ATAIMS, solely claim and blame external factors that casue and resulted current issue, without self resposebilitiy....indeed deserve slap by dyson

ATA considers all key issues closed and, as it steps up on its ESG efforts and works towards better ESG initiatives, the Company reiterates that it is firm in its commitment to continueworking closely with the Government, the Ministry of Human Resources, and relevant bodies this is space.

ATA hopes for all parties to be fair and to await the response from the offices of the AttorneyGeneral of Malaysia on the revocation of the summonses by JTK Johor Bahru; and to consider ATA’s remedial measures in ensuring the wellbeing of its local and foreign workforce; and to maintain a neutral and balanced position in reporting of the Company.


Remark: ATAIMS statement blame all other factors. Such arrogant ATAIMS management statement indeed derseve Dyson termination

Mr Andy Hall said, “I am glad to acknowledge the positive momentum, transparency
and openness shown by SKP’s leadership to engage me regarding my legitimate
concerns raised and then to effectively put in place a clear timeline and action plan to immediately remediate remaining labour issues from the Company’s operations.”

Mr. Andy Hall added, "SKP has indeed shown urgency and demonstrated their ability
to put in place a fast, well organised, professional and effective action plan in response to the concerns I have raised. I am confident this action plan when implemented can significantly benefit the migrant workers of the company. SKP’s response and commitment to this issue is commendable."

“I look forward to working together with SKP, based on the findings from the
independent social compliance audit to be commissioned by the Company in April
2022, to ensure migrant worker’s rights and worker welfare are continually prioritised within the Company’s operations.” Mr. Andy Hall added.

The Company’s workforce is made up mainly of local (Malaysian) workers.
During the pandemic, when the Government had instated the national
lockdowns (known as the Movement ControlOrder, MCO) and businesses were
ordered to limit or stop operations altogether, most of ATA’s local workers had
chosen to leave the Company in favour of pursuing gig work.

After the MCO was lifted, these workers chose to continue working in various
gig economy jobs, such as in malls, theatres, restaurants, as well as logistics.


Remark:
ATA IMS not only facing foreign worker issue, but also failed to retain local worker, presumbly due to very poor management. Those chase high today, hoping for Dyson reinstate ATAIMS contract will face tumbling price tomorrow.

Topglove start re enter to lucrative US market still will report reducing profit, how about suoermax profit after kick out for US, UK, Canada lucrative market?

Supermax ambition capacity expansion will hit snag, estimation to based on future capacity expansion to cover shortfall in ASP is not workable at all as expansion will slow down or terminate in view of declining ASP

The major purpose for virus mutation is for its own long term survival, Omicron mutation allow virus to cause less severe to its host illness, so to allow virus to spread faster and become dominant variant suppressing more deadly delta variant.

Harta OEM business model is more stable as its secure long term contract order from long term customer.

Supermax OBM business model is more risky as it need to market its own brands, to sell direct to end buyer such as oversea gov/ hospital is extreme difficult now due to banning on labour issue

Supermax in actual outperform double if compared to harta price which alrdy back to prepandemuc price level.

Although supermax OBM business model allow it to fetch higher profit margin if compared to harta, but its 2 key OBM center in North American and UK alrdy ban, many new glove maker also follow OBM model, harta too adpot OBM model in New Zealand and Australia.

Many may emphases on its cash, but it committed allocate these cash to US and UK, unable to share buyback and after share dividend, more free share in market and dilute EPS forward.

Supermax may need to paid high price tag to US to fast track set up it plan big capacity glove manufacture plant in US, in exchange to lift ban order.

Big cash hoard in supermax force to relocate to US, hire American to produce glove

Supermax profit margin will fall cliffs next Q due to diminishing earlier prepayment contract order which fetch USD 70/1000pc, such lucrative order now is at tail end, next Q result will based on prevail current market ASP at USD 35/1000pc. Be caution

Don fall trap to catch falling knife or chase high on news on virus variant, Don repeat mistake again.

Don repeat same mistake, avoid get entrap back againn.

Omicron symptoms is milder tha Delta

The main purpose for Virus to keep on mutate is for its own long term surival, to betteer itself adapt to host human body without casuing too severe illness, its ultimate goals.

The catayst to push up share in fact is no due to mutate virus, but rely soley on anticipation that it will puch up higher ASP.

If production volume can meet supply or overflow global supply due to aggressive expansion, ASP will still on track back to normalization

Today, supermax again entrap another round of fresh retail chaser.....

Glove stock repeatly entrap more and more retail investor. Caution, Don chase and fall to these entrapment.

The best and faster way to recoup confident is director now buy share from open market.

Dyson is good enough to give 6 month notice before terminate. Ataims must use these 6 month grace period to fill up dyson 80%, hard time though as ataims reputation already spoil